Product Code: ETC063643 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India is a major producer and consumer of permanent magnets, with rapid industrialization driving growth in the market. Permanent magnets are an integral component of various industries such as automotive, electronics, aerospace, medical devices and renewable energy. The India permanent magnets market generated revenue of $2.37 billion in 2020 and is projected to reach $3.73 billion by 2027 at a CAGR of 6.7% during 2021-2027 (forecast period).
The growing demand for miniaturized products due to their high performance capabilities will drive the growth of the Indian permanent magnet market over the forecast period. Increasing automation across several industries will fuel further demand for these components as they provide reliable power transmission solutions while being cost effective at the same time. Moreover, rising investments from both public and private sector organizations towards green energy initiatives have propelled R&D activities related to this technology which in turn generates more opportunities for its application across sectors like wind turbines or electric vehicles leading to increased demand for permanent magnets in India. Furthermore, government policies such as Make In India have also encouraged local manufacturing thereby boosting domestic production which should lead to better quality control & reduce dependency on imported products thus driving up revenues from this space even further over our forecast period (2021-2027).
Despite all these positive factors there still exist some challenges that could impede industry progress including limited availability & affordability of raw materials used in production processes which can lead to supply side issues that affect profitability levels & hamper overall operational efficiency within businesses operating within this space ultimately leading them towards closure or downsizing activities if not addressed quickly enough resulting into losses incurred by companies dealing with it directly or indirectly through associated supply chain networks etc., Additionally higher import duties levied on certain commodities may make it difficult for manufacturers looking outwards for cheaper alternatives/suppliers who might be offering competitive pricing but fall short when compared against customs tariffs imposed upon goods entering Indian markets making it prohibitively expensive either way so proper government interventions would be required here too address any underlying issues faced by stakeholders involved .
There has been an increasing trend observed amongst consumers favoring smaller sized equipment due their easily configurable nature allowing users greater flexibility when it comes customization options available while setting up complex systems hence pushing vendors / makers towards producing miniature versions incorporating latest advancements aimed specifically towards meeting customer requirements efficiently without sacrificing performance standards expected out such machines leveraging technologies like neodymium iron.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Permanent Magnets Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Permanent Magnets Market Revenues & Volume, 2020 & 2027F |
3.3 India Permanent Magnets Market - Industry Life Cycle |
3.4 India Permanent Magnets Market - Porter's Five Forces |
3.5 India Permanent Magnets Market Revenues & Volume Share, By Material, 2020 & 2027F |
3.6 India Permanent Magnets Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 India Permanent Magnets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Permanent Magnets Market Trends |
6 India Permanent Magnets Market, By Types |
6.1 India Permanent Magnets Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 India Permanent Magnets Market Revenues & Volume, By Material, 2018 - 2027F |
6.1.3 India Permanent Magnets Market Revenues & Volume, By Ferrite, 2018 - 2027F |
6.1.4 India Permanent Magnets Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2018 - 2027F |
6.1.5 India Permanent Magnets Market Revenues & Volume, By Aluminium Nickel Cobalt (Alnico), 2018 - 2027F |
6.1.6 India Permanent Magnets Market Revenues & Volume, By Samarium Cobalt (SmCo), 2018 - 2027F |
6.2 India Permanent Magnets Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Permanent Magnets Market Revenues & Volume, By Automotive, 2018 - 2027F |
6.2.3 India Permanent Magnets Market Revenues & Volume, By Consumer Goods & Electronics, 2018 - 2027F |
6.2.4 India Permanent Magnets Market Revenues & Volume, By Industrial, 2018 - 2027F |
6.2.5 India Permanent Magnets Market Revenues & Volume, By Aerospace & Defense, 2018 - 2027F |
6.2.6 India Permanent Magnets Market Revenues & Volume, By Energy, 2018 - 2027F |
6.2.7 India Permanent Magnets Market Revenues & Volume, By Medical, 2018 - 2027F |
7 India Permanent Magnets Market Import-Export Trade Statistics |
7.1 India Permanent Magnets Market Export to Major Countries |
7.2 India Permanent Magnets Market Imports from Major Countries |
8 India Permanent Magnets Market Key Performance Indicators |
9 India Permanent Magnets Market - Opportunity Assessment |
9.1 India Permanent Magnets Market Opportunity Assessment, By Material, 2020 & 2027F |
9.2 India Permanent Magnets Market Opportunity Assessment, By Applications, 2020 & 2027F |
10 India Permanent Magnets Market - Competitive Landscape |
10.1 India Permanent Magnets Market Revenue Share, By Companies, 2020 |
10.2 India Permanent Magnets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |